Man Group CEO Stanley Fink Steps Down

Stanley Fink has announced that he is to step down from his position as chief executive of the Man Group in order to become a private philanthropist. The move is a radical departure for the businessman, who has overseen growth

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Stanley Fink has announced that he is to step down from his position as chief executive of the Man Group in order to become a private philanthropist.

The move is a radical departure for the businessman, who has overseen growth in the group’s funds from $4.7 billion to $54 billion since becoming chief executive in 2000.

He will be replaced as chief executive by finance director Peter Clarke, although he will stay on as a non-executive deputy chairman.

The chairman of the Man Group, Harvey McGrath says, “Stanley has indicated to the board his wishes to become non-executive, not least in order to be able to commit more time to personal interests, in particular his philanthropic activities.”

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